TRUSTS
A trust is a powerful and flexible estate planning tool that allows you to manage and distribute your assets during your lifetime and after death—often without the need for probate. At [Your Law Firm Name], we help individuals and families throughout Florida create customized trust-based estate plans designed to protect assets, minimize taxes, and ensure that your legacy is passed on according to your wishes.
Trusts
What Is a Trust?
A trust is a legal arrangement in which a person (the grantor or settlor) transfers assets to a trustee, who manages those assets for the benefit of designated beneficiaries. Trusts can be revocable or irrevocable, and they can serve a wide range of purposes depending on your estate planning goals.
- Revocable Living Trusts – These trusts allow you to maintain control of your assets during your lifetime and avoid probate upon your death. You can change or revoke them at any time while you are alive and competent.
- Irrevocable Trusts – Once established, these trusts cannot be easily modified or revoked. They are often used for asset protection, tax planning, and Medicaid planning.
- Special Needs Trusts – Created to provide for a loved one with a disability without jeopardizing their eligibility for government benefits.
- Testamentary Trusts – Established through a will and take effect upon your death, often used to manage assets left to minor children.
- Charitable Trusts – Designed to support charitable organizations while providing tax benefits to the donor.
Why Consider a Trust?
Setting up a trust can offer several benefits, including:
- Avoiding probate and ensuring a faster, more private transfer of assets
- Protecting beneficiaries, especially minors or those with special needs
- Preserving wealth and reducing estate taxes in high-net-worth situations
- Managing assets in case of incapacity
- Controlling how and when assets are distributed
Our Trust Services
Our Florida trust attorneys work closely with clients to develop trust-based estate plans tailored to their specific needs. Services include:
- Drafting and reviewing revocable and irrevocable trusts
- Creating special needs and supplemental needs trusts
- Establishing charitable and family legacy trusts
- Advising on trust funding and asset titling
- Modifying, amending, or terminating existing trusts
- Acting as or advising trustees on fiduciary responsibilities
- Coordinating trusts with your overall estate plan
Florida Trust Attorneys You Can Rely On
At Johnson Dalal, we take the time to understand your goals, family dynamics, and financial picture to craft a personalized trust strategy that works for you. Whether you are seeking to avoid probate, protect your assets, or plan for future generations, our experienced estate planning attorneys in Florida are here to guide you every step of the way.
Start planning today. Contact us to schedule a confidential consultation and learn how a trust can help you secure your legacy and protect the people you care about most.
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